GGM Macro Alignment ETF (NYSEARCA:GGM) Stock Short Interest Drops 95.9%

GGM Macro Alignment ETF (NYSEARCA:GGM – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 365 shares, a drop of 95.9% from the September 15th total of 8,957 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,644 shares, the short-interest ratio is currently 0.2 days.

GGM Macro Alignment ETF Trading Up 0.6%

Shares of GGM traded up $0.17 during mid-day trading on Friday, reaching $30.96. The company had a trading volume of 419 shares, compared to its average volume of 1,445. GGM Macro Alignment ETF has a fifty-two week low of $26.13 and a fifty-two week high of $31.90. The firm has a fifty day simple moving average of $31.33 and a 200-day simple moving average of $29.93. The stock has a market cap of $20.43 million, a price-to-earnings ratio of 23.78 and a beta of 0.58.

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About GGM Macro Alignment ETF

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The GGM Macro Alignment ETF (GGM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that seeks long-term capital appreciation by dynamically shifting investments best suited for the prevailing macroeconomic environment. Holdings consist of five underlying ETFs representing distinct US equity market sectors, sub-sectors, and market styles, including fixed income. GGM was launched on Sep 27, 2023 and is issued by GGM.

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